Profit-takers moved in on the Toronto market on Monday, sending the TSX Composite index 44.98 points lower, to 7,815.46. Four defensive secotrs — energy, consumer staples, telecommunications and utilities — showed gains in an otherwise down market.
The TSX Gold index was off 2.12 points to 205.12, while the TSX Mining and Metals index fell 1.60 to 189.95.
Canada’s junior exchange started the trading week of by following the major bourses lower. The S&P-TSX Venture Exchange composite index ended the day down 10.75 points, or 0.67% and closed at 1,598.74.
AFCAN Mining added 15 to close at 62 on over 5 million shares traded. The junior recently closed a $10 million financing comprising 40 million units at a price of $0.25 each. The company holds an 85% stake in the TJS gold mine property in China as well as gold permits in Sierra Leone, which are joint ventured with Ashanti Goldfields, a gold permit in Mali, the Mount Kakoulima nickel-copper-cobalt-platinum project in Guinea and the Kodjari phosphate project in Burkina Faso.
Making a nice percentage gain, Coronation Minerals jumped 20 to close at 63 on 2.4 million shares traded. The junior along with partner Guyana Goldfields announced results from the first two diamond drill holes of a recently completed 7-hole program on their Coronation Gulf property in Nunavut. Hole 1 returned 185 feet grading 1.48 % copper, while hole 2 yielded 239 ft grading 1.63% copper.
Sur American Gold added 9 to close at 33 on 1.1 million shares traded. The junior is working the Comval gold project on Mindanao Island in the Philippines.
Be the first to comment on "Trading Summary (November 10, 2003)"